Other Things Equal

The sun rose today, there was violence in the Middle East, and almost as shocking,Tyler Cowen has lots of insightful things to say—this time in a New York Times column about income inequality. Among the points that make you feel vaguely stupid for not having already thought of it: Without anything else nefarious going on in the economy, as the population skews older and technology permits us to live longer, you’ll see inequality increase just as the upshot of wealthy old people having an extra decade or so to accumulate assets.